Germany Cards & Payments Sector Reviewed by Timetric in New Report Now Available at MarketPublishers.com

18 Sep 2015 • by Natalie Aster

LONDON – Germany’s population was estimated at 80.5 million in 2014-end. The economically active population will likely positively influence the national cards and payments industry.

Germany is one of the largest payment cards markets in Europe, and is the 3rd-largest in terms of the value of annual card transactions. The domestic payment cards market is still far from being recognised as fully mature, as the average number of card transactions by consumers per month in Germany stood at 2.5 as of 2014; much lower than France and the United Kingdom. In spite of the gradual hike in non-cash payments during the last ten years, local consumers opt for using cash for most transactions. Payment cards are still mainly utilised to withdraw cash from ATMs.

New market research report “The Cards and Payments Industry in Germany: Emerging Trends and Opportunities to 2019” worked out by Timetric provides a detailed, unbiased analysis of the German cards and payments industry. It provides deep insights into the various market trends prevailing in the marketplace, along with presenting value and volume data (historical and forecast) for a range of key performance indicators comprising check payments, direct debits, payment cards, credit transfers and cash transactions. Besides an analysis of different payment card markets that are operating in the domestic industry, the research study offers granular information on the number of cards in use, in tandem with transaction volumes and values. Furthermore, details about the regulatory policy, latest changes in the regulatory framework, card fraud statistical figures, and comprehensive profiles of card issuers active in Germany. An exhaustive review of consumers’ attitudes and buying preferences for cards is included in the report as well.